Cigar box

Info

This money was used to pay the six months rent deposit on our physical location, back in the days.

The money was to be paid back when Labitat had the funds to pay back, in excess of what was needed for basic expenses.

Basic expenses was defined as:

Rent for physical location

Heating (and possible cooling)

Water

Electricity

Insurance

Internet (basic adsl or cable)

The reason for borrowing money was to get the physical space booted up as soon as we have enough members to pay the basic expenses from membership fees alone, instead of waiting for six months after that point to save up for the deposit.